Global Scans · Energy Tech · Weekly Summary

• [New] MENA has excellent potential for low-carbon energy through renewables (mostly solar), and through a geological and industrial endowment suited for carbon capture, storage and use (CCUS). SpringerLink
• [New] Researchers and companies in Canada are using AI to create incredible new innovations and job opportunities across all facets of the Canadian economy, from drug discovery to energy efficiency to housing innovation. Prime Minister of Canada
• [New] In 2010, California approved Assembly Bill 2514, requiring the California Public Utilities Commission to set and meet energy storage procurement targets for investor-owned utilities, totaling 1.33 GW of storage capacity completed by 2020 and implemented by 2024. Center for Sustainable Systems
• [New] The storage units in both projects will help decouple electricity dispatch from production, thereby mitigating the intermittent nature of solar power and enhancing the stability of the Greek electricity grid. GreekReporter.com
• [New] Countries bordering the North Sea region are working to develop a hub-and-spoke model of offshore wind energy distribution to improve efficiency and better account for variable wind volume, a collaborative process which could provide an important template for other areas around the world. Global Energy Monitor
• The ESS battery manufacturing facility, called LG Energy Solution Arizona ESS, will produce lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). Morningstar, Inc.
• Energy demand will continue to increase Even as the global economy becomes more energy efficient, population and economic growth will drive increasing global energy consumption through 2040 and beyond. Cohen & Steers
• Carbon markets are expected to play an important role in achieving climate, energy security, and sustainable development goals by boosting the efficiency of energy transitions and raising money for clean energy projects. Businessday NG
• Improving the efficiency of hydrogen production is crucial to the success of strategically located Energy Hubs that will integrate various energy vectors to meet national power demands and facilitate European and Worldwide energy export. Net Zero Technology Centre
• Bulgaria's energy strategy, for example, outlines plans to expand the Chaira pumped storage hydropower plant by 2030, construct 1 GW of new pumped-storage facilities by 2035, introduce 600 MW of battery storage by 2030, and implement 1.5 GW of seasonal storage systems by 2050. Renewablesnow.com
• With portfolio companies including some of Australia's leading renewable energy and sustainable off grid power solutions businesses, we have an important role to play in Australia's energy transition which will need to be delivered through a decentralised solution. Thailand Business News
• The United States Department of Energy has set aside a total of $44 million to improve the reliability of clean power distribution, including $34 million for tools that will advance a clean, reliable electricity grid run on wind and solar energy. rigzone.com
• Argonne-led studies investigate how hydropower could help Alaska add more clean energy to its grid, how it generates value as grids add more renewable energy, and how liner technology can improve hydropower efficiency. Tech Xplore
• Experts agree that the continued development of sustainable electricity sources will not only help with energy efficiency but also ensure greater accessibility to energy worldwide. IEEE Spectrum
• India's Reliance Industries, the world's second largest energy company, has announced plans to invest $10 billion in clean energy between 2021 and 2024, creating U.S. export opportunities for products such as polysilicon, solar trackers, energy storage, and electrolyzers for hydrogen production. International Trade Administration | Trade.gov
• The Budget funds eight crosscutting DOE Earthshots initiatives which could substantially reduce the cost of energy for the American consumer through innovations in clean energy generation, energy efficiency, and storage. The White House
• The more wind and solar energy added in the Netherlands in the coming years, the more storage capacity the Dutch energy system will need. IO
• The development of flexibility solutions such as battery energy storage systems will play a major role in integrating renewable energies and accelerating the energy transition by guaranteeing the efficiency, reliability and security of energy systems. MarketScreener
• The wind and solar farm, to include five wind turbines, an array of solar panels and battery storage, will be built by Octopus Energy Generation, one of Europe's largest investors in renewable energy. BBC News
• Improving building energy efficiency by 30% can save around 250 TWh of power by 2030, contributing to economic growth. FinancialExpress
• Canada has developed an energy roadmap and is currently discussing a bill in Parliament to enact investment tax credits for clean energies (expected to be as high as C$ 27 billion), including renewable power generation, hydrogen, as well as carbon capture and storage. Brookings
• The Department for Energy Security and Net Zero will receive up to £120m in additional funding through the green industry growth accelerator to build up supply chains for technologies like offshore wind and carbon capture and storage. Yahoo Finance
• The U.S. Department of Energy's Advanced Materials and Manufacturing Technologies Office today released a $15.7 million funding opportunity to advance the domestic manufacturing of next generation batteries and energy storage. Energy.gov

Last updated: 14 April 2024